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Business | EY considers strategic split of audit and advisory

Big Four global network EY is conducting a review of its audit and advisory divisions, to ensure the firm is providing the highest level of service to clients

27 May 2022

Business

Accountancy Firms

Careers

Leadership & Management

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Business | How to price in wage increases and protect profits

With the cost of living crisis, businesses need to focus on retaining staff and factoring pay increases into overall profitability, explains Stuart Clark, managing director of accountancy firm Russell & Russell

27 May 2022

Leadership & Management

Image for rsm relocates edinburgh office exchange district

Business | RSM relocates Edinburgh office to Exchange District

RSM UK has moved into a new office in the heart of Edinburgh’s business district to deliver a sustainable, hybrid working environment to support future growth

27 May 2022

Business

Accountancy Firms

Careers

Leadership & Management

Image for kpmg pwc and deloitte ranked top 50 employers women

Business | KPMG, PwC, and Deloitte ranked in Top 50 Employers for Women

PwC, KPMG, Deloitte, and Grant Thornton have been recognised as part of the Times Top 50 Employers for Women 2022

27 May 2022

Business

Companies

Accountancy Firms

Image for menzies llp appoints simon massey managing partner

Business | Menzies LLP appoints Simon Massey as managing partner

Mid-tier accountancy firm, Menzies LLP, has elected Simon Massey to the post of managing partner, replacing Julie Adams

27 May 2022

Business

Accountancy Firms

Leadership & Management

Image for people news bdo pkf francis clark kreston reeves grunberg co

Business | People in the news: BDO, PKF Francis Clark, Kreston Reeves, Grunberg & Co

In this week’s accountancy career moves, partner appointments at BDO, PKF Francis Clark and Kreston Reeves, promotions and hires at Grunberg & Co and MHA Moore and Smalley

27 May 2022

Business

Accountancy Firms

Careers

Leadership & Management

Image for championship play sees ps170m stake clubs

Business | Championship play-off sees £170m at stake for clubs

This weekend’s championship play-off final will see Huddersfield and Nottingham Forest contest the most lucrative fixture in world football

27 May 2022

Business

Companies

Image for high income child benefit charge catches out taxpayers

Tax | High income child benefit charge catches out taxpayers

Mistakes made when claiming higher rate child benefit are most frequently the result of poor communication from HMRC and it is more difficult for those with complex, fluctuating earnings

27 May 2022

Business | KPMG creates digital subsidiary with recruitment wave

KPMG plans to double the size of its specialist digital development team, with recruitment drive to hire 3,500 developers in the next three years

27 May 2022

Business

Accountancy Firms

AI & Technology

Image for energy profits levy set raise ps5bn

Tax | Energy profits levy set to raise £5bn

Following calls for a windfall tax on oil and gas companies, the Chancellor has announced a 25% energy profits levy, set to raise £5bn in year one, effective from today

26 May 2022

Tax | More support for energy customers as loan becomes £400 grant

In a bid to tackle the cost of living crisis, the Chancellor has announced a £15bn package of support with one-off payments for pensioners and lowest income earners, and doubled the £200 energy bill support

26 May 2022

Tax | 700k families miss out on tax-free childcare

The number of families claiming tax free childcare has gone up by a third to 512,000 in the last year as families look for additional support, but thousands are not claiming

26 May 2022

Tax

Personal Tax

Tax Planning

Image for level business fraud escalates

Business | Level of business fraud escalates

Almost two thirds of UK organisations have fallen victim to fraud in the last two years, with cyber attacks and supply chain fraud growing

26 May 2022

Business

Companies

Accountancy Firms

Tax | HMRC fraud team targets mini umbrella companies

HMRC is ramping up its activity against mini umbrella companies using both its civil and criminal powers to challenge use and curb abuse

26 May 2022

Tax

HMRC

Tax Compliance

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Business | Businesses reduce hiring and investment

Middle market businesses have hit the brakes on crucial people and business investment as inflationary pressure, recessionary fears, wage pressures and staff shortages reduce confidence

26 May 2022

Business

Companies

Leadership & Management

Image for accountants flag money laundering risks

Business | Accountants flag money laundering risks

Nearly three quarters of accountants and lawyers are more concerned about money laundering since the Ukraine-Russia conflict and its sanctions began

26 May 2022

Business

Accountancy Firms

Image for issb sets out initial concept sustainability taxonomy

Finance | ISSB sets out initial concept for sustainability taxonomy

As part of plans to set up a new sustainability reporting framework, the standard setter is consulting on the concept for a digital disclosure taxonomy

26 May 2022

Finance

Financial Reporting

Audit Consultations

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Finance | Audit responsibility: using the work of internal auditors

Lizzie Morris ACA, audit and accounting writer at Croner-i, considers the auditor’s responsibility when undertaking audits of entities with an internal audit function

25 May 2022

Auditing

Corporate Governance

Image for government departments underpaid ps263m ir35 tax

Tax | Government departments underpaid £263m IR35 tax

MPs have criticised the waste of time and money as government departments struggled to comply with IR35 rules and messed up their tax calculations, underpaying tax by millions of pounds

25 May 2022

Tax

Employment Tax

Personal Tax

Image for more disclosures required ct600 company tax returns

Tax | More disclosures required on CT600 company tax returns

Even the most diligent taxpayers and advisers may have missed the recent update to HMRC’s guidance on how to complete a CT600 company tax return, warns Hannah Lloyd, corporate tax partner, RSM

25 May 2022

Tax

Business Tax

Tax Compliance

Image for accountancy bodies call clarity russian ban

Business | Accountancy bodies call for clarity on Russian ban

Accountancy bodies have called on the government to provide some exemptions and further clarity on the rules banning professional services firms from working with Russian clients

25 May 2022

Business

Accountancy Firms

Image for ofgem price cap set rise ps28k

Business | Ofgem price cap set to rise to £2.8k

Ofgem chief, Jonathan Brearley has warned that the energy price cap is to rise again in October taking the annual cap from £1,971 to £2,800

25 May 2022

Business

Companies

Image for one five workers plan quit their job

Business | One in five workers plan to quit their job

A fifth of UK workers expect to leave their current job in the next 12 months reveals PwC’s Global Workforce Hopes and Fears survey

25 May 2022

Business

Companies

Image for temporary depreciation rules out consultation

Finance | Temporary depreciation rules out for consultation

Problems with public sector accounting rules for infrastructure assets have caused endless delays to local authority audits resulting in a flash consultation on temporary changes to the rules

25 May 2022

Finance

Audit Consultations

Accounting Consultations

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Tax Services

Latest news

Business | EY considers strategic split of audit and advisory

Business | How to price in wage increases and protect profits

Business | RSM relocates Edinburgh office to Exchange District

Business | KPMG, PwC, and Deloitte ranked in Top 50 Employers for Women

Business | Menzies LLP appoints Simon Massey as managing partner

Business | People in the news: BDO, PKF Francis Clark, Kreston Reeves, Grunberg & Co

Business | Championship play-off sees £170m at stake for clubs

Tax | High income child benefit charge catches out taxpayers

Business | KPMG creates digital subsidiary with recruitment wave

Tax | Energy profits levy set to raise £5bn

Tax | More support for energy customers as loan becomes £400 grant

Tax | 700k families miss out on tax-free childcare

Business | Level of business fraud escalates

Tax | HMRC fraud team targets mini umbrella companies

Business | Businesses reduce hiring and investment

Business | Accountants flag money laundering risks

Finance | ISSB sets out initial concept for sustainability taxonomy

Finance | Audit responsibility: using the work of internal auditors

Tax | Government departments underpaid £263m IR35 tax

Tax | More disclosures required on CT600 company tax returns

Business | Accountancy bodies call for clarity on Russian ban

Business | Ofgem price cap set to rise to £2.8k

Business | One in five workers plan to quit their job

Finance | Temporary depreciation rules out for consultation